Penn State -Cornell Integrated Assessment Model
In the past decade dynamic geoeconomic climate modelling has been successful in integrating basic relations in macroeconomic growth and climatology. Now physical scientists and economists at The Penn State University and Cornell University propose to link transient annual climate modelling with the greenhouse gas emissions resulting from a macroeconomic-energy model. In climatological terminology, this is a 3-dimensional General Circulation Model with detailed time and geographic data at the 4.5 degree latitude by 7.5 degree longitude level. The integrated model analysis may proceed up to periods with 10-15 times today's CO2 equivalent concentration level. Feedback effects include space heating and cooling energy demand, and natural ecosystem relationships such as CO2 fertilization and terrestrial CH4 release. In the macroeconomic submodel, an augmented Hotelling analysis incorporates long-term depletion with short-term rising market equilibrium values which reflect growing populations and income. Energy demand is explicitly represented by demand functions, as is the possibility of renewable energy, conservation, or nuclear substitution for fossil fuel, as well as the substitution of coal-based energy services for those now provided by petroleum and natural gas. On a detailed regionally disaggregated level, climate change interactions would be studied for agriculture, morbidity and mortality, sea level rise, and income levels. The Framework Convention on Climate Change charges policy makers to find stable greenhouse gas concentrations "at a level that would prevent dangerous anthropogenic interference with the climate system." The Penn State-Cornell Integrated Assessment Model would assist in defining those concentration levels, and the national and international policy pathways such as marketable permits or taxation.
|Date of creation:||Dec 1996|
|Date of revision:|
|Contact details of provider:|| Postal: Warren Hall, Ithaca NY 14853|
Web page: http://aem.cornell.edu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Neha Khanna & Duane Chapman, 1996. "Time Preference, Abatement Costs, And International Climate Policy: An Appraisal Of Ipcc 1995," Contemporary Economic Policy, Western Economic Association International, vol. 14(2), pages 56-66, 04.
- Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-71, September.
- Adam Rose & Shih-Mo Lin, 1995. "Regrets or No Regrets -- That is the Question: Is Conservation an Costless CO2 Mitigation Strategy?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 67-88.
- Peck, Stephen C & Teisberg, Thomas J, 1995. "International CO2 emissions control : An analysis using CETA," Energy Policy, Elsevier, vol. 23(4-5), pages 297-308.
- Hulme, Mike & Raper, Sarah CB & Wigley, Tom ML, 1995. "An integrated framework to address climate change (ESCAPE) and further developments of the global and regional climate modules (MAGICC)," Energy Policy, Elsevier, vol. 23(4-5), pages 347-355.
- Rose, Adam & Stevens, Brandt, 1993. "The efficiency and equity of marketable permits for CO2 emissions," Resource and Energy Economics, Elsevier, vol. 15(1), pages 117-146, March.
- Stephen C Peck & Thomas J. Teisberg, 1992. "CETA: A Model for Carbon Emissions Trajectory Assessment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 55-78.
- William D. Nordhaus, 1992.
"Rolling the 'Dice': An Optimal Transition Path for Controlling Greenhouse Gases,"
Cowles Foundation Discussion Papers
1019, Cowles Foundation for Research in Economics, Yale University.
- Nordhaus, William D., 1993. "Rolling the 'DICE': an optimal transition path for controlling greenhouse gases," Resource and Energy Economics, Elsevier, vol. 15(1), pages 27-50, March.
- Alan S. Manne & Richard G. Richels, 1990. "CO2 Emission Limits: An Economic Cost Analysis for the USA," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 51-74.
- Frankhauser, Samuel & Tol, Richard SJ, 1996. "Climate change costs : Recent advancements in the economic assessment," Energy Policy, Elsevier, vol. 24(7), pages 665-673, July.
- Schelling, Thomas C, 1995. "Intergenerational discounting," Energy Policy, Elsevier, vol. 23(4-5), pages 395-401.
- Azar, Christian & Sterner, Thomas, 1996. "Discounting and distributional considerations in the context of global warming," Ecological Economics, Elsevier, vol. 19(2), pages 169-184, November.
- Manne, Alan S, 1995. "The rate of time preference : Implications for the greenhouse debate," Energy Policy, Elsevier, vol. 23(4-5), pages 391-394.
- Xiaohua, Wang & Zhenming, Fend, 1996. "Survey of rural household energy consumption in China," Energy, Elsevier, vol. 21(7), pages 703-705.
- Tol, Richard S. J., 1994. "The damage costs of climate change: a note on tangibles and intangibles, applied to DICE," Energy Policy, Elsevier, vol. 22(5), pages 436-438, May.
When requesting a correction, please mention this item's handle: RePEc:ags:cudawp:127929. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.